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                                            This Memorial Day, as we reflect on ordinary Americans who did extraordinary things at ultimate cost, it’s also worth reflecting on their character. [...]
 
                                            Though gold has been one of the most valuable substances known to man for millennia, its exclusion from the financial system for decades has relegated it to [...]
 
                                            What can people do when they work together? Quite a lot, it would seem. Anyone who has worked on an effective team has likely been amazed at both the dynamics [...]
 
                                            Mental illness is real, and it’s an unmitigated horror. Those who suffer from it and those who love and/or care for them can attest to the over-the-top level [...]
 
                                            We’ve recently been discussing the tension (at best) or war (at worst) between centralization and decentralization. Our intention is not to beat a dead [...]
 
                                            Pete Rose was one of the best baseball players of his generation. He was also respected as a manager. It wasn’t till he bet on games that he became [...]
 
                                            Is the Trend Your Friend? Trend following is such a strong inclination that many people will stick with it right into the teeth of destruction. They believe [...]
 
                                            We mentioned a problem last week that develops when nations become overly centralized: “In an overly centralized system, people become not independently [...]
 
                                            Recent entries in this blog have focused on the centralization vs. decentralization struggle. Both conditions have advantages and disadvantages, and one of the [...]
 
                                            The issue of centralization vs. decentralization has probably dominated the history of the United States more than that of any other country. It’s not a [...]
 
                                            History has given an exceptionally clear verdict: capitalism provides a much higher and better standard of living for its practitioners than socialism. [...]
 
                                            There are many times in life when something doesn’t seem right, but you can’t put your finger on the problem. You know enough to sense it, but not [...]
 
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